Banks in India and their History Quiz | Banks in India and their History Objective Type Questions and Answers

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Questions
21 Bank of Rajasthan was merged with
A SBI
B HDFC
C IDBI
D ICICI

Answer: ICICI
22 Which bank(s) has/have received Banking license by Reserve Bank of India in 2014?
A Aditya Birla Nuvo Ltd
B IDFC
C Bandhan
D Both B and C

Answer: Both B and C
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23 Which bank was baptised as the State Bank of India?
A New Bank of India
B Imperial Bank of India
C Indian Bank
D United Bank of India

Answer: Imperial Bank of India
24 Which was the first bank to introduce Internet banking?
A Canara Bank
B ICICI Bank
C Punjab National Bank
D State Bank of India

Answer: ICICI Bank
25 Which was the first bank to introduce credit card in India?
A Canara Bank
B Central Bank of India
C Bank of Baroda
D ICICI Bank

Answer: Central Bank of India
26 Punjab National Bank was established in ________.
A 1881
B 1894
C 1913
D 1917

Answer: 1894
27 Imperial Bank of India was nationalised in _______.
A 1949
B 1955
C 1959
D 1969

Answer: 1955
28 Oudh Commercial Bank was founded in _______.
A 1913
B 1917
C 1894
D 1881

Answer: 1881
29 Which bank was united with the Punjab National Bank in 1993?
A Oudh Commercial Bank
B Imperial Bank of India
C New Bank of India
D Punjab and Sind Bank

Answer: New Bank of India
30 Which was the first bank to introduce mutual fund?
A Bank of Baroda
B ICICI Bank
C Punjab National Bank
D State Bank of India

Answer: State Bank of India
31 Which of the following banks has launched the India's first mortgage guarantee-backed home loan product ‘Extraa Home Loan’?
A State bank of India
B Bank of Baroda
C ICICI Bank
D HDFC Bank

Answer: ICICI Bank
32 Name the micro finance company that becomes the first to start operation as a commercial bank?
A PayTm Bank
B Vodafone m-Pesa Bank
C Yes Bank
D Bandhan Bank

Answer: Bandhan Bank
33 Who is the head of the committee that recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks?
A Bibek Debroy
B Raghuram Rajan
C R Gandhi
D U K Sinha

Answer: R Gandhi
34 How many payment banks received in-principle approval by the Reserve bank of India?
A 3
B 4
C 6
D 11

Answer: 11
35 Which bank has launched the fist contactless debit, credit and multi-currency forex card?
A Axis Bank
B ICICI Bank
C HDFC Bank
D SBI

Answer: Axis Bank
36 Who has been appointed as the MD and CEO of Bank of Baroda by the government?
A P S Jayakumar
B Jaykumar Sharma
C Shiv Pal Sharma
D Ajay Shankar

Answer: P S Jayakumar
37 Who has been appointed as the MD and CEO of Canara Bank by the government?
A M S Dhir
B Rakesh Sharma
C Rajesh Dhariwal
D Sanjay Shah

Answer: Rakesh Sharma
38 On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal?
A PNB
B UCO Bank
C Allahabad Bank
D Union Bank of India

Answer: UCO Bank
39 Name the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for “un-banked” regions?
A Kotak Bharat
B Bharat
C Kotak India
D IndianKotak

Answer: Kotak Bharat
40 Which bank had the highest concentrations of operations overseas in 2010?
A Bank of Baroda
B Bank of India
C State Bank of India
D Union Bank of India

Answer: Bank of Baroda
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